NSE:ADANIPORTS has given breakout after 3 months of contraction inside an ascending triangle . The stock has been taking support from the trendline and has high probability to test all time high.
It is forming and ascending triangle and probably going to breakout soon
Breakout from ascending channel pattern Logic: 1.Breakout in the higher time frame 2.Good volume 3.Market structure 4.Higher high and lower low
Grasim has given ascending traingle breakout . Trade can be taken for 5-8 % profit . Not a trading call just for learning purpose. Note :- Considering all time high . There is always a risk of fall .
DISHTV is hitting its year long resistance at 16. Looking at the price action of the stock and the heavy volume, the stock seems to be exhibiting signs of a bullish break out. The bullish view is also being supported by the price action in Nifty Media which is also bullish. We are looking at a multi-week target of 42 on the stock, which has also acted as...
1) Stock is forming ascending triangle pattern and broke the major resistance placed at 123. 2) Refer the chart for levels.
Stock is at resistance showing good chart patter (ascending triangle -> flat top) good upside movement can be seen --> hold for medium term of 6 months
GRASIM forming an Ascending triangle on daily chart. CUP & Handle pattern also seen in it. RSI is above 60 indicating bullish momentum intact.
NSE:GRASIM is contracting for nearly 2 months and getting ready for a breakout from ascending triangle. Watch out for daily or candle close above 1500 with with good volume before initiating position.
wedge pattern breakout. wait for its sustain above 1345 this level. wait for retest. buy for target 1560 1600 1650 . educational purpose. Happy trading
Hdfc Bank has been making an ascending triangle pattern with resistance at 1520 in 1Hr time frame. If it crosses and sustains above this level with good volume then targets of 1550 and 1580 could be seen soon.
My analysis is based upon triangle pattern Buy target - less than 655 sell target - 685 - 690 Kindly wait for nifty and sensex to fall , let the price came down , its better to be patience than loss
🔰 MY thought process : ⭐Everything explained in charts itself for this one :) with logic 🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :) Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted on my page...
🔰 MY thought process : ⭐After a good breakout and reversal on the D chart now this beauty is on ATMs ⭐I see good Trendline support on 30mins and a possible good setup on 15mins :) ⭐A very decent trading setup would be activated when it breaks this small trendline on 15 min TF :) ⭐Trade type: swing ⭐Pattern: Ascending triangle on small TF with a bullish structure...
# I am starting this series..... of shorts, where analysis will be even simpler and potential good trades can be activated :) # Break of this triangle = a good long as per risk # Gap up sustained = good long as per risk # breakdown or gap down = leave the trade # Risk only 1% to 2% of Capital :) # Targets = 2% to 3% after breakout or top of the triangle :)
Wait for activation i.e. Daily candle closing above Rs. 45. (Low risk traders) High risk traders can enter at CMP too. Inverted head and shoulders also spotted, strong bullish signal. Company expected to give a strong quarter as well. Keep in watchlist. NSE:PNB BSE:PNB